In January 2021 the Chancellor announced a new £4.6bn package of support for the retail, hospitality and leisure sectors. Businesses forced to close due the latest Coronavirus lockdown will be able to access grants of up to £9,000 per property.
- A new lockdown was announced on 4 January 2021. Hospitality, leisure and non-essential retail businesses will have to remain shut until February half-term (w/c 15 February) at the earliest.
- In order to support these businesses, a new package of grants has been made available based on the rateable value of the business property.
The grants will be as follows:
| Grant | Rateable Value of Property |
| £4,000 | up to £15,000 |
| £6,000 | £15,001 - £51,000 |
| £9,000 | Over £51,000 |
- Any business legally required to close and unable to operate remotely will be eligible for the new grants.
- There will be a further £594 million discretionary fund also available from Local Authorities and the Devolved Administrations, where businesses are not eligible for the rates-based grants. These should be applied for locally.
These new measures are on top of existing financial support packages already announced.
Useful guides on this topic
Covid-19: Government support tracker
This tracker covers measures announced by the government to support individuals and businesses, as we get through COVID-19.
Grant funding for business
What cash grants are available to support businesses during the Cornonavirus crisis?
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